IRS to enforce lack-of-healthcare penalties - and it could run to several thousand dollars

The Patriot Room ^ | August 10, 2009 | Clyde Middleton

[boxerblues]

Well I guess I will just have to think of another way to freeload. If this is forced upon you can bet I will become a freeloader after all I earned it by paying my own way all these years

[bamahead]

Just another "government compliance tax", of course.



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[Rodebrecht]

What’s to stop the government from ballooning the national sales tax to, say, 650%?

[Man50D]

What’s to stop the government from ballooning the national sales tax to, say, 650%?

Founding father and First Secretary of The Treasury Alexander Hamilton address this issue in Federalist Paper #21. To quote:

"It is a signal advantage of taxes on articles of consumption, that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that, "in political arithmetic, two and two do not always make four." If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them."

Hamilton eloquently points out by tying taxation to consumption will if Congress were to raise the rate too high then people will respond by reducing purchases. Fewer purchases will lessen the amount of tax collected. Congress can only maximize the amount of tax collected by keeping the tax rate within reasonable boundaries.

[navyguy]

All I know is one thing... If the federal gov’t ever screws my with my current private health insurance, or ‘fines’ me through the IRS for not having a ‘public plan’ I will go out of my way to find ways to wage TOTAL ECONOMIC WARFARE on any of local representatives that did this to me.

I am talking about bankrupting them and their immediate family, in any legal way possible, AT A PERSONAL LEVEL. I WANT THEM ***PERSONALLY BANKRUPT***.

I’m not kidding about this.

I could go on, but that’s enough for now.